NEA 0.00% $2.10 nearmap ltd

It seems to me that Nearmap Property posses a threat to...

  1. 3,481 Posts.
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    It seems to me that Nearmap Property posses a threat to Landgates property information products and services which were large revenue drivers for Landgates bloated bureacracy according to the 12/13 annual report. Aerial imagery also brought in significant revenue for Landgate, although the report does not itemize expenditure on contracts for capturing the imagery, the cost of delivering the service and how much of that revenue was from other government departments and bodies as opposed to genuine private sector revenue.

    So there is no doubt nearmap is a commercial threat to certain elements of Landgates revenue streams. Maybe this was a factor in Landgate increasing their capture rate from 12 to 6 months in Perth. I have no doubt that Landgate executives are under pressure to increase their dividend to the state government and will look at ways of challenging private sector competition that threatens their revenue growth.

    Public sector vs private sector, I know who I would back to deliver a more efficient, customer focused service.

    https://www.landgate.wa.gov.au/docv...ts/$FILE/2013_Landgate_Annual_Report_FULL.pdf
    https://www.landgate.wa.gov.au/corporate.nsf/web/Property Information
    https://www.landgate.wa.gov.au/corporate.nsf/web/Aerial Photography
 
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